Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | DeKalb County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,999 | $136,017 | $242,182 |
| Price Trend (Annual %) | 17.3% | 5.0% | 8.2% |
| Median Gross Rent | $795 | $995 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeKalb County is about 3% higher than in Missouri. Rent is about 20% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in DeKalb County, up about 17.3% and 7.1% a year respectively. Home prices are changing faster.
Median rent in DeKalb County rose about 60.2% between 2015 and 2023, from $496 to $795. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in DeKalb County.
Buying the median-priced home in DeKalb County costs roughly 14.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in DeKalb County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | DeKalb County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,999 | $136,017 | $242,182 |
| Median Household Income | $71,233 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in DeKalb County rose about 227.0%, while median household income rose about 65.4% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | DeKalb County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 60.1% | 58.2% |
| Rental Rate | 24.7% | 28.4% | 31.3% |
| Vacancy Rate | 11.7% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
DeKalb County has a homeownership rate of 63.5%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 11.7%, compared with 11.6% in Missouri.
Housing Stock
| Metric | DeKalb County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1979 | 1977 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in DeKalb County was built around 1979. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DeKalb County, Missouri.
What is the median home price in DeKalb County, Missouri?
The median home price in DeKalb County, Missouri is $139,999, higher than the Missouri average of $136,017.
What is the average home price in DeKalb County, Missouri?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in DeKalb County, Missouri?
The median gross rent in DeKalb County, Missouri is $795 per month, lower than the Missouri average of $995.
What was the median gross rent in DeKalb County in 2020?
In 2020, the median gross rent in DeKalb County, Missouri was $700 per month.
What is the price-to-rent ratio in DeKalb County, Missouri?
The price-to-rent ratio in DeKalb County, Missouri is about 14.7, meaning it would take roughly 14.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in DeKalb County.
Are home prices or rent rising faster in DeKalb County, Missouri?
Both home prices and rent are rising in DeKalb County, up about 17.3% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in DeKalb County, Missouri?
63.5% of households in DeKalb County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in DeKalb County, Missouri?
The housing vacancy rate in DeKalb County, Missouri is 11.7%, higher than the Missouri average of 11.6%.